by AIP Online Bureau | Oct 8, 2022 | Indian News, Non-Life, Reinsurance
The Credit Ratings (ratings) reflect GIC Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and appropriate enterprise risk management (ERM). In addition, the ratings factor in a...
by AIP Online Bureau | Oct 7, 2022 | Indian News, Non-Life, Policy
Nirmala Sithraman,Union finance minister The unions had asked the DFS and GIPSA to clear the pending Wage Revision at par with Life Insurance Corporation (LIC) without any condition or linking it with future “Performance Linked Wage Revision’’ before...
by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy
“Expression of Interest is invited for Strategic Disinvestment of specified GoI and LIC stakes in IDBI Bank along with transfer of management control. Details are at https://dipam.gov.in,” tweeted Secretary Dipam New Delhi: The government on Friday invited...
by AIP Online Bureau | Oct 7, 2022 | Banking & Bancassurance, Indian News, Regulation, Technology
The concept note also discusses key considerations such as technology and design choices, possible uses of the digital rupee, and issuance mechanisms, among others Mumbai: The Reserve Bank on Friday said it will soon commence the pilot launch of e-rupee for specific...
by AIP Online Bureau | Oct 7, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Risk Management
Furthermore, in its own listed equities and corporates portfolio, as of 1 April 2023, Munich Re will cease to conduct new direct investments in pure-play Oil & Gas companies As of 1 January 2025, Munich Re will require a credible commitment to net-zero greenhouse...
by AIP Online Bureau | Oct 7, 2022 | Eco/Invest/Demography, Indian News, Policy, Technology
”Maximum guarantee cover per borrower shall not exceed Rs 10 crore. The credit facility being covered here should not have been covered under any other guarantee scheme,” the Department said New Delhi: The government has notified the credit guarantee scheme for...
by AIP Online Bureau | Oct 7, 2022 | Indian News, Regulation
“Noticee (Brickwork) failed to exercise proper skill, care and diligence while discharging its duties as a credit rating agency, which has defeated the very purpose of regulations i.e. investor protection and orderly development of the securities markets,” the...
by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance
“We are absolutely committed to delivering reforms to Solvency II, which could unlock tens of billions of pounds of investment into long-term UK infrastructure,” a government spokesperson said. Kwarteng has said he will announce “an ambitious set of regulatory...
by AIP Online Bureau | Oct 6, 2022 | Eco/Invest/Demography, International News, Policy
“We are experiencing a fundamental shift in the global economy, from a world of relative predictability … to a world with more fragility – greater uncertainty, higher economic volatility, geopolitical confrontations, and more frequent and devastating...
by AIP Online Bureau | Oct 6, 2022 | Facts, Health, Non-Life, Technology
Florence can share advice on mental health, give tips to destress, provide guidance on how to eat right, be more active, and quit tobacco and e-cigarettes. She can also offer information on COVID-19 vaccines and more. Florence 2.0 is now available in English with...
